In yesterday’s Wall Street session, Coupang Inc (NYSE:CPNG) shares traded at $18.23, up 0.55% from the previous session.
CPNG stock price is now 13.14% away from the 50-day moving average and 8.05% away from the 200-day moving average. The market capitalization of the company currently stands at $32.69B.
With the price target enhanced from $18.50 to $21, Deutsche Bank Upgraded its rating from Hold to Buy for Coupang Inc (NYSE: CPNG). On January 16, 2024, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $20 to quote $17, while ‘UBS’ rates the stock as ‘Neutral’
In other news, MEHTA NEIL, Director sold 1,600,000 shares of the company’s stock on Mar 14 ’24. The stock was sold for $29,894,831 at an average price of $18.68. Upon completion of the transaction, the Director now directly owns 48,006,135 shares in the company, valued at $875.15 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 13 ’24, 10% Owner SVF Investments (UK) Ltd sold 15,000,000 shares of the business’s stock. A total of $294,000,000 was realized by selling the stock at an average price of $19.60. This leaves the insider owning 349,542,259 shares of the company worth $6.37 billion. A total of 34.87% of the company’s stock is owned by insiders.
During the past 12 months, Coupang Inc has had a low of $12.80 and a high of $19.99. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.14, and a quick ratio of 0.90. The fifty day moving average price for CPNG is $16.17 and a two-hundred day moving average price translates $16.88 for the stock.
The latest earnings results from Coupang Inc (NYSE: CPNG) was released for Dec, 2023. According to the Internet Retail Company, earnings per share came in at $0.08, beating analysts’ expectations of $0.06 by 0.02. This compares to $0.06 EPS in the same period last year. The net profit margin was 5.57% and return on equity was 41.81% for CPNG. The company reported revenue of $6.56 billion for the quarter, compared to $5.33 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 23.16 percent. For the current quarter, analysts expect CPNG to generate $6.79B in revenue.
Coupang Inc(CPNG) Company Profile
Coupang, Inc., together with its subsidiaries owns and operates retail business through its mobile applications and Internet websites primarily in South Korea. The company operates through Product Commerce and Developing Offerings segments. It sells various products and services in the categories of home goods and décor products, apparel, beauty products, fresh food and groceries, sporting goods, electronics, and everyday consumables, as well as travel, and restaurant order and delivery services. In addition, the company offers Rocket Fresh, which offers fresh groceries; Coupang Eats, a restaurant ordering and delivery services; and Coupang Play, an online content streaming services, as well as advertising products. It also performs operations and support services in the United States, South Korea, Taiwan, Singapore, China, Japan, and India. Coupang, Inc. was incorporated in 2010 and is headquartered in Seattle, Washington.
